Download contents and sample pdf Add to basket. Whole life costing is an investment appraisal and management tool which assesses the total cost of an asset over its whole life. It takes account of the initial capital cost, as well as operational, maintenance, repair, upgrade and eventual disposal costs. Whole life costing can also factor in related income streams, where appropriate. Guidance from both HM Treasury and the Department for Communities and Local Government recognises the value of adopting a whole life cost perspective when appropriate.
This guide looks at the application of whole life costing to a variety of asset appraisal and decision processes. While much of the existing literature focuses on the use of whole life costing for large scale construction projects, this guide also considers its wider application. This includes smaller asset purchase decisions as well as reviewing assets at various stages of their useful life.
This publication is a resource for people in public service organisations who are involved in asset investment and procurement appraisal decisions, as well as those involved in asset and facilities management and those tasked with providing financial information on asset operational costs, impacts and benefits. Thomas Telford, London, U.
Whole Life Costing
Construction Management New Directions. Blackwell Science Ltd. All Rights Reserved. Log In. Paper Titles. Article Preview. Abstract: Most commonly, residents are always arguing about the satisfaction of sustainability and quality of their high rise residential property.
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Risk assessment methods for life cycle costing in buildings
Qi Luo. Online since:. July Noorsidi Aizuddin Mat Noor. Cited by. Related Articles. Paper Title Pages. Abstract: Dynamic Alliance is becoming more and more important in manufacturing industry.
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Based on previous studies, a five-stage life-cycle of Dynamic Alliance is proposed in this paper. On the basis of life-cycle, taking into account both the entire life-cycle and each stage; the quality evaluation system was built.
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In this paper, the methods of Delphi and Multiple Factor Analysis were used to study the factors influencing the quality level at each stage, then quantitative conclusion was drew in the end. In addition, as the researches on Dynamic Alliance are still at the exploratory stage in manufacturing industry, this paper tries to provide references for further study.
The improved model, which is based on the tradition EV model, quotes the definition of quality cost and combines the cost, progress and quality, then forms the quality earned value system and the coordinate coefficient of quality and progress. The developed model and the coordinate coefficient, which are on basis of quality cost, make up the deficiencies of traditional EV in terms of quality management.